FOREX: USD Marginally Extends Losses

The greenback has marginally extended losses in recent dealing, the Antipodeans are leading the bid in the G-10 space. The move has come alongside Tsys and regional equities firming from session lows and US Equity futures ticking higher as risk sentiment improves in Asia. The Hang Seng as trimmed a fall of as much as ~1.7% to sit ~0.5% lower. Bitcoin firming to its highest level since Sep 2022 may also be weighing on the USD at the margins.

• AUD/USD is up ~0.3% last printing at $0.6355/60 and is at its highest level since 18 Oct. Resistance is at $0.6393, high from Oct 18. Kiwi is also ~0.3% higher, last printing at $0.5860/65, Bulls look to move through the $0.59 handle to target the 20-Day EMA ($0.5907).
• Elsewhere in G10 EUR and GBP are reflecting the broader moves, both are up ~0.2%. Yen is ~0.1% firmer.